Annual report pursuant to Section 13 and 15(d)

Business Combinations (Tables)

v3.24.1
Business Combinations (Tables)
 12 Months Ended
Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]  
Schedule of Assets Acquired and Liabilities Assumed as of the Acquisition
The following table summarizes the fair value of the consideration transferred and the estimated fair values of the major classes of assets acquired and liabilities assumed as of the acquisition date.
October 31, 2022
Cash paid
 $ 36,930 
Purchase consideration
 $ 36,930 
Assets:
Cash
 $ 3,700 
Accounts receivable and other receivable
 3,606 
October 31, 2022
Contract assets
 18,830 
Prepaid expenses and other current assets 3,100 
Property, plant and equipment
 5,656 
Right-of-use assets 1,166 
Intangible assets
 13,935 
Equity method investments
 3,000 
Total assets
 52,993 
Liabilities:
Accounts payable
 4,201 
Short-term operating lease liabilities 199 
Short-term finance lease liabilities 279 
Accrued expenses
 18,636 
Deferred revenue
 5,513 
Other current liabilities
 399 
Long-term operating lease liabilities 908 
Long-term finance lease liabilities 563 
Deferred tax liabilities 2,727 
Other non-current liabilities 281 
Total liabilities
 33,706 
Fair value of net identifiable assets acquired
 19,287 
Less: Fair value of noncontrolling interests
 215 
Goodwill
 $ 17,858 
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination
The following table summarizes the intangible assets acquired by class:
October 31, 2022 Weighted average
useful life
in years
Technology $ 4,700  7
Customer relationships 7,400  30
Software 235  2
IPR&D
 1,600 
Total intangible assets
 $ 13,935 
Schedule of Pro Forma Information The table below presents the post-acquisition revenues, net income (loss) attributable to Redwire Corporation, and acquisition-related costs (included in transaction expenses) of Space NV included in the consolidated statements of operations and comprehensive income (loss) for the following period:
  December 31, 2022
Post-acquisition revenues
 $ 11,658 
Net income (loss) attributable to Redwire Corporation $ (294)
Transaction expenses $ 3,112 
The table below presents the pro forma combined results of operations for the business combination for the year ended December 31, 2022 as though the acquisition of Space NV had been completed as of January 1, 2021.
Year Ended
December 31, 2022
Revenues
 $ 207,761 
Net income (loss) attributable to Redwire Corporation (129,645)